Forvia announces that it has finalized a previously announced senior bond issue for one billion euros, including 500 million maturing in June 2029 at a rate of 5.125% and 500 million maturing in June 2031 at a rate of 5.50%, bonds listed in Dublin.

Taking into account interest-rate hedges previously entered into, the economic yield of the new bonds for the automotive supplier amounts to 4.96% for the 2029 bonds and 5.37% for the 2031 bonds (on a non-IFRS basis).

The proceeds of the issue were mainly used to partially refinance around 580 million euros of bonds maturing in 2025 and around 220 million euros of bonds maturing in 2026. The net balance will be used to repay other debts.

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